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Fly News Breaks for April 25, 2017
AKRX
Apr 25, 2017 | 08:51 EDT
William Blair analyst Tim Lugo downgraded Akorn to Market Perform saying that while the price paid by Fresenius Kabi was below his $36-$48 per share expectation, the buyout agreement "represents reasonable value" for long-term shareholders. The analyst believes the transaction will likely close at the negotiated price.
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